Profitmart research report on Captain Pipes
Incorporated in 2010, Captain Pipes Limited (CPPL) has established itself as one of the leading brands in the PVC Pipes industry with its plant at Rajkot, Gujarat. CPPL has a complete range of PVC Pipes and Fittings for application in Agriculture and Plumbing CPPL has 1250 SKUs and supplies to around 1500 hardware shops as on date. CPPL makes Column Pipes, Pressure Pipes, Plumbing Pipes (UPVC, CPVC, SWR) & Agri Fittings, Plumbing Fittings (UPVC, CPVC, SWR).
Outlook
Looking at CPPL’s steady financial track record, strong business domain we expect the stock to get re rated in future over the next 12-15 months with a TP of Rs 30. On bottom line we recommend to Buy CPPL around 23.
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